Riester Pension: Judgment gives hope – Zurich cannot reduce pensions

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Written By Kampretz Bianca

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“Riester pension = reliable retirement provision,” writes the General Association of the German Insurance Industry on its website. But anyone who saves with Riester pension insurance linked to funds should know: what the insurer promises at the beginning of the contract is not binding.

Insurers have often made promises in the past that they can no longer keep. Consequence: you correct the so-called social security factor downwards. Individual customers took action against this situation – and in some cases they were right. But the fight against pension cuts has not yet been decided, as our article shows.

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